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China Announces Record Trade Surplus as Its Exports Flood World’s Markets

China’s surplus reached $1.19 trillion, a 20 percent increase from 2024, according to data released by the country’s General Administration of Customs.

© Chang W. Lee/The New York Times

The production line at a car factory in Hangzhou, China, in October. Exports to the United States fell but rose to much of the rest of the world.
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